Emcor Group (EME) closed at $677.02 in the latest trading session, marking a +2% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 1.56% for the day. At the same time, the Dow added 1.29%, and the tech-heavy Nasdaq gained 2.21%.
The construction and maintenance company's stock has climbed by 5.51% in the past month, exceeding the Construction sector's loss of 4.65% and the S&P 500's gain of 0.41%.
Market participants will be closely following the financial results of Emcor Group in its upcoming release. In that report, analysts expect Emcor Group to post earnings of $6.57 per share. This would mark year-over-year growth of 13.28%. In the meantime, our current consensus estimate forecasts the revenue to be $4.22 billion, indicating a 14.04% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $25.11 per share and revenue of $16.75 billion, which would represent changes of +16.68% and +15%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Emcor Group. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.45% rise in the Zacks Consensus EPS estimate. Emcor Group presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Emcor Group is presently being traded at a Forward P/E ratio of 26.43. This represents a premium compared to its industry average Forward P/E of 26.12.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 45, finds itself in the top 19% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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EMCOR Group, Inc. (EME): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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